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Search Results 0 to 13 of about 14 (some duplicates have been removed)
remains missing. no one has been charged with any wrongdoing. >> susie: another dent for toyota's reputation. for the second time in two months, the japanese automaker is launching a massive recall. this one involving nearly three million vehicles around the globe. this time it's a steering defect. and this recall affect's toyota's iconic hybrid name plate: the prius. 670,000 prius hybrids in the u.s. are being called back. worldwide. the voluntary recall involves over 2.7 million vehicles. the cars are being recalled because the connection between the steering wheel and the gearbox could wear out, leading to a loss of steering. so far, the company says there have been no accidents or injuries from the problem. toyota recalled over seven million vehicles for a faulty power-window switch just last month. the automaker has been trying to repair its image after a series of massive recalls, 14 million vehicles over the last several years. until recently, toyota was the role model in the auto industry for quality products. also today, toyota agreed to pay more than $25 million to set
. the evening for her. toyota has announced another massive global recall. speaking of the challenges for japanese companies, it's the second for the company in less than two months. the japanese auto giant says nearly three million vehicles, including certain prius models, are affected. toyota says the problems lie with their steering mechanisms and hybrid water pump systems. in october, toyota recalled $7.5 million vehicles worldwide because of faulty power window switches. today's announcement came before the market closed and shares ended down .8 of a percent. >>> in south korea, shares of net korea power are up. we have more from seoul on what supercharged these earnings. >> the number one reason is higher demand for electricity during the hot summer season here in korea. and the second one is electricity price hikes of 4.9% back in august. its net profit came in at $862 million, much better than market expectations, but do note that kepco tends to perform best in third quarters, given hot summer weather here in korea when air conditioners really suck up power. but looking ahead,
was inside the meeting. honeywell chairman and ceo david cote tee. you will get the scoop live. david: toyota recalling millions of vehicles. is your car on the list? don't forget to log on to facebook.com/after the bell. click the like button. tell us what you think. are we going over the fist cool cliff? having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] break from the holiday stress. ♪♪ you can help othersnk along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ david: it is a time for a quick speed read of some of the day's other head
drifting lower so that's a good thing. sandy also affected car supplies with toyota losing up to 4,000 new vehicles awaiting shipments to dealers and ford losing 8 hundred. >>> investors will be watching shares of jcpenney today. they were down nearly 13% alone yesterday, the biggest percentage drop among the big companies in the s&p 500. s&p ratings moved to lower jcpenney's credit rating deeper into junk status on friday. that day the company reported its third conl secretive quarter -- consecutive quarter of big losses in sales declines. penny's decided earlier this year to get rid of hundreds of coupons and sales in favor of predictable prices but so far that strategy has for the led to higher sales. >>> if you're working thanksgiving like we are here, we all have a lot of company and hopefully you're going to make some more money. a bloomberg/bna study says 36% of employers impose holiday shifts on at least some workers. 50% will pay overtime. 24% will give employees a thanksgiving gift and 22% will pay double time to shift workers. all sounds good to me. i'll take a gift. >>> daily d
've also got some facebook news this morning. toyota recalling nearly three million vehicles worldwide, that includes the prius. this is due to problems with the steering system. the announcement comes a month after toyota recalled more than seven million vehicles for faulty power window switches that are a potential fire hazard. mr. kernen, good morning. >> andrew, 20 seems to be what facebook is worth, kind of? >> well, it hasn't moved. >> but it kind of found its -- 38, i don't know. but things are worth something, even after you get the people that are really excited and the people that are not excited and it finally finds a place. but 20 seems to kind of be -- maybe it is worth 20, which is not -- for a brand-new company to be worth $43 billion is really not that bad, is it? >> if you were to add yourself to facebook to get an account, it would be worth 21. >> if you don't short it when i finally get on facebook -- you know what i did yesterday? >> i don't know. >> i joined myspace. >> you did? >> no. >> oh. [ laughter ] >> that's how long it will take. other stocks to watch today
market. can they compete with market leaders chrysler, toyota, and honda? stay with us on the "closing bell." uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. >>> welcome back. have you driven a ford minivan lately? probably not. ford is looking to change that. that's why we're with phil lebeau right now. >> maria, they're calling it the people mover and using a term we haven't heard in a long time in the auto industry. they're calling it a wagon. here's the ford transit connect wagon. now, you'll look at this and say, that looks like a minivan. well, it goes on sale late next year. the transit connect wagon will get at least 30 miles per gallon, according to ford. it will seat up to s
not to hear the prop eight 8 appeal allowing sakes couples to marry. >>> toyota just announced a recall, almost 2-point million cars all over the world. there -- there are two problems. a water pump in the high bride system. and the affected cars include the predangerous and question row law moted prius and the -- and the affected cars include the prius and and -- and the corolla model. >>> 8:20. a bull crying at the oakland museum what. officials are doing now to make sure this doesn't happen again. >>> highway 4. we're finally showing a little bit of improvement here after we had some problems on nearby instate 680. >>> the oakland museum is e-- someone broke into the history gallery on monday just before midnight. the museum's director would not say exactly what was stolen but the gallery includes valuable items from the gold rush era. the alarms were working and the police responded within three minutes. >> the display cases were damaged but luckily nobody hurts. >>> 8:24. tori, three men now facing charges for the theft of more than a million dollars of gold and gems from a state m
gm was first challenged by toyota or honda and they realized we can't just immediately become toyota because we'll lose our core base of gm buyers. they opened saturn. it's the fastest growing car retailer of all time to mimic mr. ackman. and where did it get gm? retail is a much tougher business than people realize. the number of retailers that have not got through a transition is monumental. i just question whether they have the balance sheet, the preferred yesterday fell off the cliff. the preferred is smarter. >> also, the number of sales per square foot that ackman started, it didn't strike me as much. $270 per square foot. i went into the data base of sales per square foot. it didn't strike me as a goal to aspire to. >> apple is the highest there is. >> 6,050. i went down the value chain. i didn't get to macy's. publixs $480. >> amazing rotisserie chicken. a guy at that takes bags to your car. >> publix is above everybody. >> whole foods -- >> to your point on square footage, at the news stores it's significantly more than the old stores. it's up dramatically from -- so that's
. >> my wife might. i won't. >> your girlfriend. >> it's like a toyota, trying to turn yourself into a porsche? you agree with that? >> not true. we're not abandoning our core customer. i was in the makeup room and also had my buttons. >> you have a rise above button? that's most important. >> andrea loves jcpenney, i got in the makeup chair and she said jcpenney i love jcpenney and she's a core customer. i don't think i'm making myself clear. hold on, you interrupt a lot. now it's my turn to speak. we're going from 7 million square feet to 64 million square feet. that's going to make us bigger than every shopping mall rete in the world slightly smaller than simon in terms of specialty store square footage. i think the $250 number will be low in time. it's hard when you have my drawing here. >> you say 250? >> $250 per square foot. when you go to 70 which is where we're going to be pretty quickly all of a sudden it looks like the business plan. >> here is the question, though, how much -- you're a major shareholder. how much time will other shareholders give you? the question is
Search Results 0 to 13 of about 14 (some duplicates have been removed)

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